Heads, particularly those with names, were kept securely below the
parapet as the British Energy privatisation peaked.
The company disclosed that cracks had appeared in two of the eight
reactors they were selling off just two hours after the share issue
closed, prompting cries of ‘foul play’ by Labour. British Energy
maintained the anonymity of its spokespeople as cracks appeared in what
had hitherto been a fairly solid campaign.
Enery minister Tim Eggar popped his head up briefly over the weekend to
pronounce himself ‘delighted’ with the sale, but he found few other
Labour and environmental pressure groups failed to orchestrate a
response and it was left to campaigning journalists such Ben Laurance in
the Observer to highlight ‘the incompetence with which state assets are
hustled into the private sector’. Regarding investors’ financial
prospects, one analyst predicted the issue would be a ‘total lemon’ in
Evaluation and analysis by Carma International. Cuttings supplied by
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